Falling investment revives attacks against Trump’s tax cuts

The GOP tax law passed in 2017 was supposed to super charge the economy, but the lack of major impact is spurring critics to renew their attacks against the signature measure from President Trump.

Republicans said the tax law would help the economy through several avenues, including by sending business investment soaring. But just 15 months after it took effect, business investment has actually been contracting, falling 1 percent and 3 percent in the past two quarters.

Republicans who supported the tax law are blaming Trump’s trade war with China as the reason why it failed to have the intended impact.

View the complete November 10 article by Niv Elis on The Hill website here.